Newmont (NYSE:NEM) Shares Up 2.1% Following Analyst Upgrade

Newmont Corporation (NYSE:NEM) shares rose 2.1% during mid-day trading on Thursday after Bank of America raised their price target on the stock from $134.00 to $151.00. Bank of America currently has a buy rating on the stock. Newmont traded as high as $127.93 and last traded at $127.46. Approximately 6,934,768 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 9,889,917 shares. The stock had previously closed at $124.85.

A number of other research analysts have also recently weighed in on NEM. Weiss Ratings reiterated a “buy (b-)” rating on shares of Newmont in a report on Monday, December 29th. Wall Street Zen downgraded shares of Newmont from a “buy” rating to a “hold” rating in a research report on Saturday. Scotiabank increased their price objective on shares of Newmont from $114.00 to $152.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Jefferies Financial Group lifted their target price on shares of Newmont from $136.00 to $158.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, BMO Capital Markets reduced their price objective on Newmont from $145.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.73.

Insider Buying and Selling

In other news, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the sale, the director owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is owned by company insiders.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Sanford C. Bernstein upgraded NEM from “market perform” to “outperform” and raised its price target to $157 (from $121), signaling analyst confidence and implying roughly 20% upside versus recent levels. Bernstein Upgrade
• Positive Sentiment: Newmont posted strong Q4 results: adjusted EPS $2.52 vs. $1.81 consensus and revenue ~$6.82B vs. $6.18B expected; management cited higher realized gold prices and effective cost control, and Forbes reports roughly $2.8B of free cash flow in Q4—supporting buybacks, dividend capacity, or further portfolio actions. Newmont Ends 2025 Strong — 2026 In Focus
• Positive Sentiment: Market reaction: coverage notes NEM gained (~+2.1% on the cited session) as investors priced in the earnings beat and brighter outlook. Why the Market Dipped But Newmont Gained
• Neutral Sentiment: Longer-form investor commentary explores whether to buy NEM today—arguments center on its stronger portfolio of Tier‑1 assets and cash generation versus valuation and exposure to gold price moves. Should You Invest $1,000 in Newmont?
• Neutral Sentiment: Company profile and personnel/resources page (reference material). Newmont Company Page

Hedge Funds Weigh In On Newmont

Several institutional investors have recently made changes to their positions in the stock. GoalVest Advisory LLC acquired a new position in Newmont in the fourth quarter worth approximately $25,000. Physician Wealth Advisors Inc. increased its stake in Newmont by 327.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 236 shares in the last quarter. Swiss RE Ltd. acquired a new stake in Newmont during the 4th quarter worth about $26,000. Cornerstone Planning Group LLC lifted its stake in Newmont by 312.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after buying an additional 206 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in Newmont during the third quarter valued at about $27,000. 68.85% of the stock is owned by institutional investors.

Newmont Stock Performance

The firm’s fifty day simple moving average is $115.77 and its 200 day simple moving average is $94.97. The company has a market capitalization of $141.45 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.09 and a beta of 0.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating the consensus estimate of $1.81 by $0.71. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. On average, sell-side analysts forecast that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a boost from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. Newmont’s payout ratio is presently 15.65%.

About Newmont

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.